Category Archive for 'The New Depression'
If you’re still lucky enough to have a job, that is: American workers do work longer hours than we did a generation ago, according to some analyses, and hundreds more per year than our counterparts in France or Germany—the equivalent of six to eight extra weeks a year. We top the Eurozone nations in productivity […]
I have to admit, I didn’t even bother reading the article praising Obama when that issue came in the mail — because Krugman, of all people, should know better. (Once Matt Taibbi left, I figured Jann Wenner would have to justify the magazine’s all-out push for Obama in the 2007 primaries.) Turns out I wasn’t […]
What is the big fucking deal? People are poor now, more people than ever. Yes, they have jobs — shitty jobs. Most likely, more than one job, which might make it look better than it is. People are killing themselves, running just to stay afloat. Do they want medals? Fuck these cheerleaders, the people in […]
The missing piece that economist and former White House advisor Jared Bernstein knows and is too nice to say, is that the Powers That Be set out to deliberately suppress wages, to the point where hiring an engineer in America won’t cost any more than hiring one in Pakistan. But I’m not that nice, so […]
Thanks, austerity hawks! The Census Bureau’s latest headline numbers on income, poverty and health insurance received wide coverage: The poverty rate fell in 2013 while real (inflation-adjusted) median household income was little changed and the share of Americans without health insurance coverage fell. Here’s a look behind the headlines, courtesy of my Center on Budget […]
Whenever you leave Republicans in charge of anything, we’re sure to pay for it: The picture painted by a report from the Center for American Progress released Wednesday is a gloomy one. For a typical married couple with two children, the combined cost of health care, day care, housing and savings for college and retirement […]
Gee, even the New York Times gets it.
Is this a secret? This so-called “recovery” is fake, just like extend-and-pretend policies Obama approved for the banks. If the banks had been held accountable and cleaned up, we’d have a real recovery by now: Think your money’s not going very far this year? It’s not your imagination. According to new research by the Economic […]
I was telling Swamp Rabbit about my Labor Day Weekend trip to Atlantic City, where three casinos are closing and more than 5,700 casino workers are being laid off over the next two weeks. “Closed” stickers were slapped onto the Showboat’s front doors by security personnel at 3 p.m. yesterday. Just like that, 2,100 people […]